Mikailalsys Journal of Advanced Engineering International
Vol 2 No 2 (2025): Mikailalsys Journal of Advanced Engineering International

The Impact of Artificial Intelligence on Risk Management in Banking and Finance

Akinnagbe, Olayiwola Blessing (Unknown)
Akintayo, Taiwo Abdulahi (Unknown)
Adanna, Arinze Betsy (Unknown)

Article Info

Publish Date
20 Mar 2025

Abstract

This research explores the transformative role of Artificial Intelligence (AI) in risk management within the banking and finance sector. It examines how AI technologies such as machine learning, natural language processing, and predictive analytics are enhancing risk assessment, fraud detection, and regulatory compliance. The study also highlights challenges such as data privacy, algorithmic bias, and the need for skilled professionals. The findings suggest that AI is revolutionizing risk management but requires careful implementation to mitigate associated risks.

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Journal Info
Mikailalsys Journal of Advanced Engineering International
Website

Abbrev

MJAEI

Publisher

Lembaga Yasin Alsys

Subject

Chemical Engineering, Chemistry & Bioengineering Computer Science & IT Electrical & Electronics Engineering Engineering Mechanical Engineering

Description

Mikailalsys Journal of Advanced Engineering International [3046-8914 (Print) and 3046-9694 (Online)] is a double-blind peer-reviewed, and open-access journal dedicated to disseminating all information contributing to the understanding and development of the fields of engineering and technology ...